Rental Return / Capital Gain

[cayden]

Hey Guys,

I have just bought my first IP and feel like I am in my first year at school with heaps to learn.

I am also new to NZ, so my choice of location was based on impulse and the area was cheaper.

I just bought an IP for 200K with a rental appraisal done at 300 PW. Area is Manger East. It seems as thought the market is slowing down so I thought I would go for the rental return as apposed to the Capital Gain.

Have I made the right decision??

 

[jimmy]

Hello cayden,

Yeah I agree. Well done for getting into the market. Seems like you have the right attitude. If you keep an open mind and stay willing to learn new ideas and keep your mind open to new opportunities you will do very well.

Remain flexible and keep your eyes open.

All the Best!